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il63 [147K]
3 years ago
11

Milton Corp. has beginning retained earnings of $800. During the year Milton had $2,000 of revenues and $900 in expenses. Milton

paid a dividend of $100. What is retained earnings at year-end?
Business
1 answer:
Karolina [17]3 years ago
6 0

Answer:

The retained earnings are $1800.

Explanation:

The beginning balance = $800.

Revenues = $2000.

Expenses = $900.

Paid dividend = $100.

Therefore the retained earning at the end of the year should be:

Beginning balance + Revenues - Expenses - Paid dividend

Retained earnings = 800+2000-900-100 = $1800.

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What would happen in the market for loanable funds if the government were to increase the tax on interest income?
nalin [4]

Answer:

Interest rates would rise.

Explanation:

There would be a decrease in the amount of loanable funds borrowed.

if the government were to increase the tax on interest income, a reduction in the amount of funds borrowed would happen because the cost of borrowing would then become higher and people would have to pay more than they would have paid for every amount borrowed

5 0
3 years ago
Which of the following changes can take place in the long run? A.labor force b.machinery c. Technology. D. All of these can be c
ehidna [41]
D. All of these can be changed in the long run
4 0
3 years ago
Marshall Welding Company has two service departments (Cafeteria and Human Resources) and two production departments (Machining a
Serhud [2]

Answer:

the  cost of Human Resources would be allocated to Machining is $480,000

Explanation:

The computation of the cost of Human Resources would be allocated to Machining is given below:

= Cost of the human resource × machining department ÷ (machining department + assembly department)

= $1,200,000 × 100 ÷ (100 +  150)

= $480,000

hence, the  cost of Human Resources would be allocated to Machining is $480,000

5 0
3 years ago
For the year ended December 31, 2016, Norstar Industries reported net income of $655,000. At January 1, 2016, the company had 90
anastassius [24]

Answer:

1.272 per share

Explanation:

The computation of earnings per share is shown below:-

Weighted Average number of Common shares outstanding = outstanding common shares ÷ Net income

= 900,000 ÷ $707,810

= 1.272 per share

Where,

Net Income = Preferred Dividends ÷ Weighted Average number of Common shares outstanding

= $655,000 ÷ (1 + 0.05) + ( 60,000 × 8 months ÷ 12 months) × 1.05 + (72,000 × 7 months ÷ 12 months)

= $623,810 + 40,000 × 1.05 + 42,000

= $623,810 + 42,000 + 42,000

= 707,810

5 0
3 years ago
Leigh Delight Candy, Inc. is choosing between two bonds in which to invest their cash. One is being offered from Hershey's and w
Firlakuza [10]

Answer:

Hersey's bond = $1125.513

Mars bond = $1172.259

Explanation:

Hersey bond;

Period(t) = 10years = 40(quartely)

Coupon (C) = $30

Rate (r) = 0.1 = 0.025(quarterly)

Pay at maturity(p) = $1000

Using the both present value (PV) and compound interest formula ;

PV =[ C × (1 - (1+r)^-t) ÷ r] + [p ÷ (1 + r)^t]

PV = [30×(1-(1.025)^-40)÷0.025] + [1000÷(1.025)^40]

PV =( 753.083251562) + (372.4306236)

PV = $1125.513

Mars bond;

Period(t) = 20years = 80(quartely)

Coupon (C) = $30

Rate (r) = 0.1 = 0.025(quarterly)

Pay at maturity(p) = $1000

PV =[ C × (1 - (1+r)^-t) ÷ r] + [p ÷ (1 + r)^t]

PV = [30×(1-(1.025)^-80)÷0.025] + [1000÷(1.025)^80]

PV =(1033.55451663) + (138.704569467)

PV = $1172.259

5 0
3 years ago
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